FxWirePro: Japanese yen falls in early hours of Asia despite higher than expected PPI data
USD/JPY is currently trading around 113.72 marks. It made intraday high at 113.79 and low at 113.22 levels. Intraday bias remains bullish till the time pair holds key support at 112.64 marks. A daily close above 113.22 w…
It made intraday high at 113.79 and low at 113.22 levels.
Intraday bias remains bullish till the time pair holds key support at 112.64 marks.
A daily close above 113.22 will take the parity higher towards key resistances around 113.96, 114.95, 115.61, 117.21, 118.18, 118.66, 119.52 and 120.46 levels respectively.
On the other side, a sustained close below 113.22 will drag the parity down towards key supports around 112.64, 111.35, 110.85, 109.72, 106.72, 106.03 and 104.96 levels respectively.
Japan’s January corporate goods price y/y increase to 0.5 % (forecast 0.0 %) vs previous -1.2 %.
Japan’s January corporate goods price m/m stays flat at 0.6 % (forecast 0.2 %) vs previous 0.6 %.
BOJ increases purchase of superlong JGBs in Friday's operation.
